This act relates to the designation of income tax refunds. It aims to allow taxpayers to designate a portion of their federal income tax refund for deposit into an account that can be used for emergency savings. The bill permits taxpayers to split their refunds, directing a specified amount into this emergency savings account. This measure encourages individuals to save for unexpected expenses and financial security.
2024-01-02: introduced in House
2024-01-02: to Committee on Committees (H)
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